Angie's List CEO Unloads $157,056 in Stock (ANGI)
Angie's List (NASDAQ:ANGI) CEO William Seelye Oesterle sold 12,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $12.27, for a total value of $157,056.00. Following the completion of the sale, the chief executive officer now directly owns 2,035,258 shares in the company, valued at approximately $24,972,616. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Wunderlich upgraded shares of Angie's List from a “hold” rating to a “buy” rating in a research note on Wednesday, June 11th. They now have a $15.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Angie's List from a “neutral” rating to a “buy” rating in a research note on Friday, June 6th. They now have a $16.00 price target on the stock. Finally, analysts at Bank of America upgraded shares of Angie's List from a “neutral” rating to a “buy” rating in a research note on Friday, June 6th. They now have a $16.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $21.12.
Angie's List (NASDAQ:ANGI) traded down 2.18% on Wednesday, hitting $12.14. The stock had a trading volume of 809,865 shares. Angie's List has a 52-week low of $9.60 and a 52-week high of $28.32. The stock has a 50-day moving average of $10.77 and a 200-day moving average of $13.1. The company’s market cap is $710.3 million. Angie's List also saw a large drop in short interest in the month of May. As of May 30th, there was short interest totalling 11,704,485 shares, a drop of 8.3% from the May 15th total of 12,767,280 shares. Approximately 26.7% of the company’s stock are short sold. Based on an average daily trading volume, of 829,297 shares, the short-interest ratio is currently 14.1 days.
Angie's List (NASDAQ:ANGI) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $72.70 million for the quarter, compared to the consensus estimate of $72.35 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 39.3% on a year-over-year basis. Analysts expect that Angie's List will post $-0.27 EPS for the current fiscal year.
Angie’s List, Inc (NASDAQ:ANGI) operates a consumer-driven service for members to research, hire, rate and review local professionals for critical needs, such as home, health care and automotive services.
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